TVS Capital hires Prasad Gadkari from IDFC Alternatives

Home-grown private equity firm TVS Capital has appointed Prasad Gadkari as managing director - private equity, a new position the firm has created to give a push to its strategies.

Prior to this, Prasad, who has more than 20 years of experience, was working as partner with IDFC Private Equity firm, TVS Capital said in a statement.

Prasad had joined IDFC in 2008 and has experience in the private equity, principal investments, mezzanine capital, project finance, investment banking and advisory, the statement said.

He started his career with L&T Finance Holdings as manager for project advisory services and has exposure across healthcare, education, infrastructure and logistics sectors, it added.

Gopal Srinivasan, chairman and managing director of TVS Capital, said Gadkari's experience will be helpful while raising and managing the private equity firm's third fund.

Prasad is a CFA and did his MBA from NMIMS, Mumbai.

The private equity firm also has D Sundaram as its vice chairman and managing director, and R S Raghavan as its executive director and chief financial officer in senior management roles.

TVS Capital has $146 million assets under management, under its two funds. It provides growth-stage capital and late-stage capital to companies operating in India. The firm seeks to invest in clean-tech, retail, restaurants, healthcare, facility management services, education, media and entertainment, micro-finance, water treatment, mobile and agricultural sectors. The firm was founded in 2007.

TVS Capital’s recent investment was in International Money Matters Pvt. Ltd (IMMPL), a Securities and Exchange Board of India (SEBI)-registered financial planning and investment adviser with assets under management of around Rs 850 crore.

The private equity firm also made part exits this year from its two-year-old investment in amusement park and resorts operator Wonderla Holidays Ltd.

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